Apple Significantly Increased Its iPhone Orders for the Quarter?

Apple has reportedly increased its iPhone orders this quarter by a significant amount, according to Citi analyst Richard Gardner.

"Our meetings in Taiwan suggest that Apple raised 4CQ11 iPhone orders to suppliers meaningfully just last week. The new iPhone build plan is meaningfully above the low-30's million figure that we were hearing previously. Given such a significant order increase at this late stage in the quarter, it seems clear that Apple is headed for a meaningful upside surprise on iPhone shipments this quarter."

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